Global Piezoelectric Devices Market Report 2022: Rising Adoption in Biomedical and Surgical Applications Presents Opportunities
Rising adoption of high-performance piezoelectric products in the aerospace industry, increased use of piezoelectric devices for energy harvesting, increasing investments in renewable energy projects are among factors that contribute to the growth of the piezoelectric devices market.
- Rising adoption of high-performance piezoelectric products in the aerospace industry, increased use of piezoelectric devices for energy harvesting, increasing investments in renewable energy projects are among factors that contribute to the growth of the piezoelectric devices market.
- However, high costs associated with piezoelectric materials is a prominent factor limiting the growth of the piezoelectric devices market.
- The piezoelectric devices market for transducers held the largest market share in 2021 and is expected to retain its second-largest position throughout the forecast period.
- Piezoelectric ceramics dominated the piezoelectric devices market in 2021, and a similar trend is likely to be observed during the forecast period.